The Syrian Civil Aviation Authority has signed a $4 billion agreement with an international consortium last week (6 August), including companies from Türkiye, Qatar and the United States, aiming to expand Damascus International Airport.
The consortium, comprising UCC Concessions Investments LLC (Qatar), Assets Investments USA LLC (USA), and Türkiye’s Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen, will carry out the build-operate-transfer project in five phases, aiming to achieve an annual passenger capacity of 31 million.
The project is considered as a major milestone among Syria’s reconstruction efforts, designed to improve global connectivity and stimulate economic growth, trade, and tourism.
As one of the most substantial infrastructure investments in Syria in recent decades, it underscores the country’s efforts to reestablish its role in the region and regain its place on international air routes, said the statement following the signing ceremony.
The signing ceremony took place in Damascus in the presence of Mr. Tom Barrack, the U.S. Special Envoy to Syria, representatives of the Qatari Embassy in Syria, senior official delegations, and a number of diplomats. The agreement was signed by Mr. Omar Al-Husari, Chairman of the General Authority of Civil Aviation – representing the Government of the Syrian Arab Republic – along with Mr. Mohammad Moataz Al-Khayyat, Chairman of UCC Holding; Mr. Sani Şener, Chairman of TAV; Mr. Anthony Salter, CEO of Assets Investments USA; Mr. Murat Ergonul, Board Member of Cengiz İnşaat; and Mr. Murathan Kalyoncu, Chairman of Kalyon İnşaat.
The project will be implemented in five successive phases, beginning with an increase in passenger capacity to 6 million in the first year, followed by 16 million after the second phase, and ultimately reaching 31 million annually upon full completion.
The new airport will feature up to 32 gates with modern passenger boarding bridges, a fully integrated air navigation system, and a world-class duty-free zone offering a wide range of international restaurants, premium cafés, and top fashion brands—positioning it as one of the region’s most advanced airports.
The project also includes the development of a main access road extending up to 50 kilometres, as well as a $250 million investment to acquire up to 10 Airbus A320 aircraft for Syrian Airlines, aimed at strengthening the fleet and boosting the national carrier’s competitiveness.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over t...
One person has been killed and six others injured after an explosion at a petroleum storage facility at the Port of Rotterdam, prompting an investi...
The suspension of two major grain terminals in Russia’s Black Sea port of Novorossiysk could increase pressure on Kazakhstan’s agricult...
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment